Lamar Advertising Misses Q3 AFFO Estimates, Raises 2024 Guidance
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Lamar Advertising (LAMR) reported its Q3 2024 results, missing AFFO estimates due to elevated expenses, but showed strength in local and programmatic sales. The company raised its 2024 guidance.
November 11, 2024 | 4:30 pm
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NEUTRAL IMPACT
Lamar Advertising missed Q3 AFFO estimates due to high expenses but raised its 2024 guidance, indicating confidence in future performance.
The miss on AFFO estimates due to elevated expenses could negatively impact short-term sentiment. However, the raised 2024 guidance suggests management's confidence in future growth, potentially offsetting the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100